Question
In: Advanced Math
Cheetah Copy purchased a new copy machine. The new machine cost $136,000 including installation. The company...
Cheetah Copy purchased a new copy machine. The new machine cost $136,000 including installation. The company estimates the equipment will have a residual value of $34,000. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows:
| Year | Hours Used |
| 1 | 2,900 |
| 2 | 1,900 |
| 3 | 1,900 |
| 4 | 3,500 |
2. Prepare a depreciation schedule for four years using the double-declining-balance method.
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Solutions
Colby Messinger answered 2 years agoRelated Solutions
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Year
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1
2,000
2
1,600
3
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4
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2....
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